FREE Loan Modification Webinar & Modification Sample Results

I am glad you are interested in loan modifications. This service is in high demand. If you have not signed up yet, click here to sign up. You will get an invite to the event Wednesday afternoon and Thursday morning. Feel free to forward the invite and/or this email to your friends. To sign up for the web event go to http://www.nwloanmodnet.com/Webinar.html.

Webinar Outline

3:50pm PST - Start Login.

Open line conversation.

4:00pm PST - Begin Event.

Intro to loan modification

Market size and statistics

Qualifying clients

Intake form

Using loan modification analytics calculator

Sample loan modification package

Question and answers

Real estate law and consumer protection law compliance

Presented by

Oscar Morante - Real estate agent

Mikel Erdman - Mortgage broker

Christopher Schwindt - Real estate attorney

5:00pm PST - Finish

Completed Loan Modification Result Examples

Loan Modification Example #1

Original

Balance = $275,000.00

Interest rate = 8.41% (Adj.)

Loan term = 30 years

Monthly payment = $2,096.99

Modified

Balance = $275,000.00

Interest rate = 4.50% (F.R.)

Loan term = 40 years

Monthly payment = $1,236.30

Loan Modification Example #2

Original

Balance = $675,000.00

Interest rate = 7.875% (Adj.)

Loan term = 30 years

Monthly payment = $4,894.22

Modified

Balance = $675,000.00

Interest rate = 6.00% (F.R.)

Loan term = 30 years

Monthly payment = $4,046.97 (With I/O option for 5 years)

Loan Modification Example #3

Original

Balance = $165,000.00

Interest rate = 8.125% (Adj.)

Loan term = 20 years

Monthly payment = $1,392.99

Modified

Balance = $165,000.00

Interest rate = 5.875% (F.R.)

Loan term = 30 years

Monthly payment = $976.04 (Client received 6 month abatement with zero payment for first six months of modification.)

Additional Information

Disclaimer: Trulia, Inc. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. Trulia, Inc. takes no responsibility for the content in these profiles, that are written by the members of this community.